South Korea and Romania team up for joint IT research center

Newsroom 23/07/2014 | 18:03

The South Korean science ministry in collaboration with the Romanian Ministry for Information Society have just opened an information technology research center which will implement several IT projects in Romania over the next three years, according to a press release from the Korean authorities, quoted in a piece by Yonhap News Agency.

The two countries will inject USD 1 million each to fund the projects of the center, which is based in Bucharest. The center will map out pilot projects regarding the IT industry, focusing on expanding broadband networks and the improvement of public key infrastructure (PKI) and information securities.

“Through the establishment of the IT cooperation center in Romania, we hope the two countries will be able to forge deeper ties in the technology industry,” the South Korean ministry said, quoted by Yonhap News Agency.

According to the South Korean ministry, Romania has one of the fastest growing IT markets and enjoys governmental support. South Korean technology companies will also be able to seek business opportunities through the center.

South Korean firms can tap deeper into the European market, as they can expand shipments of verified IT solutions to surrounding nations, according to the Yonhap News Agency piece.

In August 2012, Romania and South Korea signed an IT&C memorandum.

The South-Korean ministry plans to open a similar research cooperation center in Colombia in November. Previously, South Korea has conducted three-year projects in Mexico, Chile, Turkey, South Africa, Bulgaria and Vietnam since 2003.

The South-Korean ministry invited the Romanian Ministry for Information Society to the 19th International Telecommunications Union (ITU) Plenipotentiary Conference which will take place in Busan, 453 kilometers southeast of the capital, between October 20 to November 7.
Otilia Haraga

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